Which of the following is not an example of one of the basic types of fraud?
A)While straightening the store at the end of the day,a shoe store employee finds and keeps an expensive pair of sunglasses left by a customer.
B)An executive devised and implemented a plan to accelerate revenue recognition on a long-term contract,which will allow the company to forestall filing for bankruptcy.The executive does not own any stock,stock options or grants,and will not receive a bonus or perk because of the overstated revenue.
C)A purchasing agent places a large order at higher-than-normal unit prices with a vendor that gave the agent tickets to several football games.
D)A salesperson approves a large sales discount on an order from a company owned partially by the salesperson's sister.

Question

Quizplus · Accepted Answer

Keeping lost property is not considered fraud as long as the employee made a reasonable effort to find the owner. The other options involve fraudulent behavior such as misappropriation of funds or abusing one's position for personal gain.

Which of the Following Is Not an Example of One